Is there any evidence that this actually works to create a great founding team? Have you used it successfully?
Relatedly, might it be better to be a solo founder than to find a co-founder you don't already know well?
1–10 of 18 posts
Is there any evidence that this actually works to create a great founding team? Have you used it successfully?
Relatedly, might it be better to be a solo founder than to find a co-founder you don't already know well?
I was on FounderDating for at least a couple months last year actively looking. (I am speaking from a tech cofounder perspective.) During that time, a few emails were exchanged with a few prospects and a couple Skype chats were made too. But nothing came about from it.
Then instead of waiting any longer I decided to go ahead myself and just keep an eye out as I go. Soon afterward I serendipitously found another startup doing something similar to what I was trying. I contacted them just to exchange ideas. Turns out they were looking for a CTO. So here I am now.
My takeaway is that these are not magic bullets. They are one of many available channels in a co-founder search. The only thing that works is that you need to be "out there" looking. Both on- and offline.
I'm not really sure how you solve this problem, or if sites like CoFoundersLab can solve the problem. I've met up with a few people from these sites for drinks and coffee to bounce ideas around, but nothing really went further than that. IMO, The best thing to do for those actively looking for a cofounder is to constantly be "out there" as pointed out by quantisan. That means leveraging your network, going to meetups...etc and being active with it.
You need a combination of wanting the same thing (to build a successful company) and being able to tolerate each other for the next few years, both through good and bad. Founder Dating is not a bad way to meet people (and, as an aside, I've seen lots of good founding teams meet at hackathons, too). But, really, get to know someone first. Do a side project or two with them. Hell, just try to become good friends.
Make sure that you know you can work with them when things are great and also work with them when you fuck up big time.
Network effects (friends of friends) are very powerful. A lot of people who want to find a co-founder need some way to get started. But you should expect that finding your co-founder will take months. You need to keep talking to people and you'll find developers, business partners, mentors, etc. and sometimes a co-founder.
As a side bonus (and unlike a date) you will have a longer runway with a small side income.
I have heard mixed things about those trying to work with a cofounder remotely. Generally that only works if you have a previous working relationship. Such relationships are hard to establish remotely while also pursuing a new, risky venture.
I think the problem with these founder dating type sites is that starting a company really isn't like "dating" at all, its more like a marriage. It's tough to just meet someone on a whim and dive into something like starting a company. You wouldn't just walk down the aisle after meeting someone on an online dating site and exchanging a few messages or going on a few dates either (hopefully), and you probably shouldnt…
I think it might have to do with the approach that they're using. When someone comes here and posts an Ask HN about how to find a cofounder, people frequently mention how it's important to actually have a working relationship with the person you're starting a company with. A common piece of advice is to just start working on a side project with someone and see where it goes. CoFoundersLab profiles (and to a certain extent my interactions with people on the site) seems to focus on "here's what my background is, here's what I'm willing to invest, this is the industry I want to go in". It's less about "I have this idea, if anyone with background X thinks this is cool and wants to help me out, feel free to get in touch". Its a subtle difference, but I think it makes a big difference to not trying to 'force it'
I've been there for 6 month now and still no luck. The biggest problem I see is not even specific to this platform. It's just that people who claim to be "business developers" or "marketers" know very little about building a startup. They don't want to validate an idea or conduct customer interviews. No marketing strategy, no nothing. When I ask them to go out of the building and do a proper validation, they just van…